Overview

• Honda has lowered its planned EV investment from 10 trillion yen to 7 trillion yen through fiscal year 2031, citing a slowdown in global EV sales and regulatory changes.
• The company now projects EVs will account for less than 30% of its global sales by 2030, down from its previous target of 30%.
• Honda will launch 13 next-generation hybrid electric vehicle models globally starting in 2027, aiming to sell 2.2 million hybrids annually by 2030.
• The Marysville, Ohio plant will be adapted for the production of both electric and hybrid vehicles under Honda's revised strategy.
• Despite the shift to hybrids, Honda remains committed to achieving 100% zero-emission new vehicle sales by 2040 and continues technology collaboration talks with Nissan and Mitsubishi.